Barings BDC (NYSE:BBDC) Price Target Lowered to $8.50 at Wells Fargo & Company

Barings BDC (NYSE:BBDC) had its target price cut by investment analysts at Wells Fargo & Company from $9.00 to $8.50 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential downside of 2.25% from the stock’s current price.

Separately, Keefe, Bruyette & Woods dropped their price objective on shares of Barings BDC from $10.50 to $9.50 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th.

Barings BDC Price Performance

Shares of Barings BDC stock traded up $0.14 during trading hours on Monday, reaching $8.70. The company’s stock had a trading volume of 452,584 shares, compared to its average volume of 532,255. The stock has a market cap of $916.64 million, a P/E ratio of 8.39 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. Barings BDC has a one year low of $7.66 and a one year high of $10.85. The firm has a 50 day moving average price of $8.99 and a 200-day moving average price of $9.57.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The business had revenue of $64.44 million during the quarter, compared to analysts’ expectations of $67.78 million. During the same period in the prior year, the business posted $0.28 earnings per share. The business’s quarterly revenue was down 7.7% on a year-over-year basis. On average, analysts predict that Barings BDC will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in shares of Barings BDC by 393.7% in the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock valued at $25,000 after purchasing an additional 2,059 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in Barings BDC in the fourth quarter valued at $25,000. Golden State Wealth Management LLC bought a new stake in Barings BDC in the first quarter valued at $37,000. Ameriflex Group Inc. bought a new stake in Barings BDC in the fourth quarter valued at $80,000. Finally, Nomura Asset Management Co. Ltd. grew its position in Barings BDC by 276.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company’s stock valued at $97,000 after acquiring an additional 7,448 shares during the period. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Barings BDC Company Profile

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.